Switzerland's SIX looks at potential $2 billion sale of payments unit

Exchange Shorts

SIX Group hired JPMorgan to look at options for its payments unit, including a majority or minority sale or an IPO, according to Reuters. SIX payment unit may be worth around $2 billion Swiss francs, Reuters added.

DB1: supervisory board's support for CEO Carsten Kengeter is weakening, according to Reuters.

CME will launch spot FX basis spreads called ‘CME FX Link’ on CME Globex. This will create the first CLOB between the OTC spot FX and CME FX futures markets. The CME FX Link enables trading of an OTC spot FX contract and a CME Group FX futures contract via a single spread trade on CME Globex. It is expected to launch in Q1 2018.

QuantHouse will acquire Victory Networks, a provider of high-speed networks.

Colt Technology named current CTO Rajiv Datta as its new COO, reporting directly to CEO Carl Grivner.

Powernext, the Austrian Central European Gas Hub AG (CEGH) and Power Exchange Central Europe (PXE) plan to launch the PEGAS CEGH Czech Gas Market. All spot products and futures contracts currently available on the PXE gas market will be opened on PEGAS on the 8th December 2017.

CFTC Chairman J. Christopher Giancarlo appointed Matthew B. Kulkin to serve as Director of the CFTC’s Division of Swap Dealer and Intermediary Oversight (DSIO). Kulkin comes to the CFTC from the law firm Steptoe & Johnson LLP, where, as a partner, he advised financial market participants on legislative and regulatory issues.

SEC disclosed that the Edgar Corporate Filing System was hacked in 2016. Hackers may have traded on the information.

About the Author

Bernardo Mariano brings to ERDesk his experience structuring private deals for the acquisition of mutual exchanges. Prior to joining ERDesk Bernardo worked as a Director for Instinet and later, CEO of Reuters' Bondex. He holds an MS in Economics from University of Illinois and an MIA in Finance from Columbia University. He can be reaced at be reached at mariano@erdesk.com.